Cushman & Wakefield has announced two Residential Capital Markets hires in the UK as it continues to expand its Living sector team.
Mike Gorman is joining from Colliers to lead Residential Capital Markets activity across the UK’s core regional markets. A residential market specialist with 20 years’ experience, Gorman is currently a director and head of Northern Residential Capital Markets & Development at Colliers, where he advised a range of clients including UK funds and institutions, property companies and overseas investors.
At Cushman & Wakefield, Gorman will have a particular focus on regional Build-to-Rent (BTR) and Single-Family Housing (SFH). He will be based at the firm’s Yorkshire & Northeast regional hub in Leeds when he joins later in the year.
Mark Clegg, head of Residential Capital Markets at Cushman & Wakefield, said: 'While London remains the most popular choice for BtR investment, our latest investor data shows that market sentiment is shifting considerably. Major regional cities outside London, including Birmingham, Manchester, and Leeds, continue to set the pace for development and are establishing themselves as BtR hotspots.'
Additionally, Jack Wagner has joined as an associate in the Residential Capital Markets team from privately held real estate investment and fund management firm LRC Group where he was portfolio manager. His prior experience includes spells at Alvarium Investments and Deloitte Real Estate. At Cushman & Wakefield he will focus on operational PRS and BTR assets and is based in London.
David Haynes, head of Specialist Markets UK at Cushman & Wakefield, said: 'We are continuing to invest in our teams across the Living sector to support the growing number of investors within the residential space. We are delighted Mike and Jack have chosen to join our expanding team of specialists and we will continue to invest to ensure our clients benefit from the best advice and insight.'
